US To Invest $3bn in Green Port Infrastructure

289
Credit: 81349/Pixabay

Some $3bn in funding has been earmarked for the US Environmental Protection Agency’s Clean Ports Program with a focus on electrification, reports Seatrade Maritime News.

“Invest in America” initiative

Recent US legislation, notably the Bipartisan Infrastructure Law (2021), and the Inflation Reduction Act, (2022), has authorised large amounts of future spending on infrastructure that would support carbon reductions and future shifts to cleaner energy. A major beneficially has been the Environmental Protection Agency (EPA), whose work includes a Clean Ports Program, which has committed to work closely with other agencies including the Department of Energy (DOE), and the Department of Transportation (DOT), specifically, on decarbonising transport.

As part of these ongoing efforts, in early May, the EPA announced that it would be investing $4 billion, tapped from the 2022 legislation, towards port electrification – focusing on equipment at terminals, as part of its “Invest in America” initiative.

Read the full article here. 

Did you subscribe to our newsletter?

It’s free! Click here to subscribe!

Source: Seatrade Maritime News